Bhopal witnesses rapid urban and business expansion:Housing trends reflect rising demand; investors prefer Katara and Kolar areas

Data from the house listing being conducted under the census indicates that Bhopal’s geographical and commercial landscape is rapidly changing. While space for new construction has become limited in old and central Bhopal, investors have made large-scale capital investments in the city’s outer and newly developing areas, anticipating future possibilities. A detailed analysis of data from all 85 wards reveals how rapidly the trend of ‘investment property’ has grown in the city and towards which new corridors commercial activities are shifting. According to a rough estimate from house listings, out of a total of 7.38 lakh properties in the city, more than 1 lakh houses or flats are vacant. This means no one lives there. A population of approximately 25 lakh has been enumerated in over 5 lakh residential homes in the city. Rapid development in the outskirts Looking at the vacant houses and their percentage, people have bought properties in the outer and newly developed areas purely for investment purposes rather than for living. Katara and Kanha Kunj has emerged as the biggest investment hub. Approximately 24% of houses here are vacant. This means the most money has been invested here for future needs and returns. Misrod and Hoshangabad Road Approximately 19% of houses here are vacant. Due to connectivity to the bypass and highway, it remains the first choice for investors. Kolar Road Danish Kunj Kolar is in second place, where approximately 21% of houses are vacant. This part of Kolar is fully preparing to become a major residential hub in the future. Khajuri Kalan and Barkheda Pathani The presence of 18% vacant houses in this area also indicates that the eastern part of the city is rapidly attracting investors. Airport Road and Gandhinagar In this belt around the airport, 17% of houses are vacant, which indicates investments made in anticipation of future development. Business is rapidly growing in these areas of the city